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U.S. Morning Call: Boeing earnings beat forecasts

Jan 30 - Boeing's earnings per share for the fourth quarter came in above estimates, but revenues just missed forecasts at $22.3 billion.

TRANSCRIPT +

Morning call home Wednesday Boeing on the earnings runaway but it did fly high let's take a look at the result Boeing said -- saw record -- orders. Earnings per share and a dollar 46 above the 119 estimate and -- Boeing is trading up slightly in the premarket. Analysts and investors are likely to -- chief executive Jim McNerney about the cost of fixing at 787. Though -- still trying why dreamliner some month. A one month delayed deliveries could cost one point two billion dollars in revenue this year says opera time and -- socked again he has they sell rating on the stock. Investors get results after the close they all wanna talk graph sir -- bill wanna hear mobile ad revenue. Analysts expect movement in that area. Thomson Reuters our minds Smart estimate has earnings per share coming at fifteen cents in line with consensus that a predicted surprise over 3%. Revenue seen coming at just over one half billion dollars. Yesterday Credit Suisse raised its sales forecast for the fourth quarter also its price target than ninety brokerage -- here to -- so. That's what the mean price target up over two bucks to 393. Since January 1. Shared the premarket are up over one and a half percent to 3129. The moment of truth or rim today it's new Blackberry ten launches amid a ton of skepticism. We -- looking to retain its base of business users with features including Blackberry balance. Keep corporate and personal data separate. So far reviewers are can't its browser speed and the intuitive keyboard on its new touch screen. Will be enough to still -- market share from big guns apple and Samsung that would be a long road. As Samsung alone currently claims nearly a third of global Smartphone market share. Rim shares have climbed nearly 34% since the start 2013. But sold off this week at a launch the stock up -- and -- half percent to 1635. In the premarket. Moving on to markets US stock futures point to a mixed open today investors will be focusing on the first read -- fourth quarter GDP. IFR predicts this will be the second weakest quarter of the recovery with the advanced headline figure a paltry plus point 8%. I have RC consumption holding up reasonably well but exports is significant drag. Big government expenditures -- fine and if -- defense blurred -- -- probably weigh on growth as well. Also on the macro front we've got the ADP private payrolls report. Economists expect that 165000. Jobs were created in January 1 is 2151000. In December. This number is of course key ahead of Friday's jobs report. Also on the economic front the FOMC. Concludes its two day policy meeting the central -- bank is unlikely to put any new moves in place. But we will get a new split a bullet -- president's the balance of power within the board of governors we'll still remains -- with the Doug's. Now for some stocks to watch shares of Amazon this morning 39%. In premarket. And number brokerages also raising their price target on the stock including JPMorgan. From 245. Bucks to 333 after Amazon quarterly results. Wall Street impressed by the incredibly strong gross margins which rose 24% in the fourth quarter. Higher margin businesses such as cloud computing service is video contents sales and aggressive expansion in. Taking -- -- at least not stopped this morning it's up 16% in premarket holding on yesterday's gains. After CEO Aubrey McClendon said he will step down as chief executive on April 1. He will receive a cool 47 million dollars in compensation. Chesapeake has had a tumultuous year after a series of Reuters investigations triggered civil and criminal probes into the natural gas company. Where did breaking news and in an interesting note -- murky corporate governance the Clinton's exit now raises red flags for other energy bad boys. And at least and Regis Tom Ward and has to John. That's your morning copper Wednesday remembered follow us on Twitter at lakers insider and get more -- city Atlantic dot com slash TV. I'm Lisa Bernhard this is way.

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